Congressional Democrats just admitted the US can’t afford the Green New Deal

Posted: January 13, 2021 by oldbrew in climate, Critique, government, ideology, Taxpayer, Temperature
Tags: ,


Anyone thinking the benefit (?) would be a noticeable effect on global temperatures is going to be disappointed, as the article points out. Government-controlled climate is a fantasy, however much the exchequer is robbed.
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Democrats accidentally showed their hand by voting for a new loophole to the U.S. House of Representatives budget rules, says the Washington Examiner.

The “pay as you go” rule, which imposes a modicum of fiscal restraint by requiring spending increases to be accompanied by spending cuts to keep the national deficit from growing, now specifically excludes climate change-related bills.

In going forward with it, the House essentially admitted that we can’t afford the Green New Deal and that Democrats don’t want you to know how much it costs, either.

Carving out special treatment for big-government climate programs will give Congress license to spend with abandon on nominally eco-friendly initiatives without the slightest impact on climate change.

Though the true cost of the Green New Deal is unknown, estimates range from $50 trillion to $90 trillion. To put that in perspective, last year’s entire federal spending on every single agency and program, both the essential and the fundamentally silly, was $6.6 trillion.

Dropping $50 trillion would require either raising taxes by a mind-boggling percentage or at least doubling the national debt, giving each taxpayer a share of the debt of more than $400,000.

Full article here.

Comments
  1. Chaswarnertoo says:

    Just when one thinks demonrats can’t get more insane….

  2. oldbrew says:

    Whatever is spent on wind and solar power will have to be spent again on replacements in ~20 years. The cost of scrapping the turbines and panels can be added on. Massive concrete turbine bases just get left in place and can’t be re-used as turbine sizes increase.

    Green energy fraud…
    https://tallbloke.wordpress.com/2020/04/23/michael-moores-new-film-skewers-green-energy/

  3. JB says:

    Congress has a long history of not abiding their own rules, and changing them as they go along.
    Nothing new here. Move along.

  4. Gamecock says:

    “admitted the US can’t afford”

    Why would that be a consideration?

  5. oldbrew says:

    The Eurozone’s massive “green” policy plan has made the European Union countries suffer electricity and natural gas bills for households that are more than double those of the US, and unemployment is still twice that of the United States, while growth stagnates.
    . . .
    Advocates of infrastructure spending at any cost ignore the most basic cost-benefit analysis, underestimating the cost and magnifying the estimated benefit through science-fiction-multipliers.

    https://mises.org/wire/europe-tried-its-own-green-new-deal-it-was-disaster

  6. Gamecock says:

    The economic justification for infrastructure spending baffles.

    A factory has a road in front of it. A new road in front of it changes what?

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